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Residential construction insurance refers to coverage for a house that is still being built or is in the process of completion. The policyholder might be the property owner, the contractor, or both. It covers damage to the uncompleted structure.
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Brick Veneer Construction

Definition - What does Brick Veneer Construction mean?

Brick veneer construction means that a building has an outer wall made up of wood that it covered by an outer layer of brick. Because brick veneer buildings are thought to burn less easily than their all-wood frame counterparts, they often cost less to insure.

Insuranceopedia explains Brick Veneer Construction

Despite incredible advances in modern technology in the past few centuries, buildings are still leveled to the ground every year because of fires. A fire can completely devastate a building and it can be set off by something as innocuous as an unattended candle. Brick veneer constructed buildings reduces the likelihood of these total losses by fire; therefore, insurance companies are willing to charge lower premiums to cover them.